China Dongxiang’s Financial Loss Pulls Down H1
The distributor of Kappa in the PRC saw its net loss expand 18% to RMB 409,713,000 ($56.5 mm) from a loss of RMB 346,000,000 on flat revenues of RMB 775,993,000 ($107.1 mm) compared to RMB 776,339,000. Changes in the fair value of financial instruments and other non-product related losses pulled down the bottom line in both periods. CDX’s operating profit ... Log in to view full article.
